Managers of Wealth Offshore

Mutual funds in the Cayman Islands

As at June 2022, there were 12,935 investment funds (predominantly hedge funds) registered with the Cayman Islands Monetary Authority under the Mutual Funds Act (as amended).

Conyers Advises on the Establishment and Licensing of Hestia Re Ltd. as a Special Purpose Insurer

Director Alexandra Macdonald and Associates Davina Hargun, Hailey Edwards and William Finnerty of Conyers’ Bermuda office advised on the matter, working alongside Willkie Farr & Gallagher LLP and Sidley Austin LLP.

Carey Olsen commits to United Nations Global Compact

Carey Olsen is understood to be the first offshore law firm to become a signatory and, in doing so, will now support the Ten Principles and commit to and provide an annual report on progress, measurement of outcomes and future plans.

The new failure to prevent money laundering offence: what are Jersey businesses required to do?

It is therefore important that businesses consider the adequacy of their AML systems and controls now and on an ongoing basis.

RenaissanceRe Completes US$500 Million Public Offering of Depositary Shares Representing 4.20% Series G Preference Shares

The depositary shares were offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission.

Carey Olsen advises Jersey Electricity on plans for first ground-mounted solar farm

The Carey Olsen team advising Jersey Electricity throughout the process, including the preparation of bespoke contractual documents, comprised partner Chris Philpott and senior associate Lyndsay Houlette.

Family offices

This Guide provides general information in connection with family offices.

Pilatus Bank official allowed to leave Malta despite arrest warrant, Repubblika charge

Repubblika file court action against Attorney General and Police over refusal to arrest Pilatus Bank operations supervisor after magistrate signed arrest warrants

Ogier named Offshore Law Firm of the Year for the second time this month at Chambers HNW Awards

This industry recognition caps a milestone year for Ogier and its Trusts Advisory Group, which provides seamless contentious and non-contentious private client and trusts services to a global client base.

Effective Date for Amendments to Investment Business Act 2003

The Bermuda Monetary Authority has now confirmed the effective date for such amendments will be 27 July, 2022.

Harneys recognised as the “first port of call” in Chambers HNW guide 2022

This is the sixth consecutive year the firm has received this recognition.

Appleby Bermuda Awards 2022 Scholarships and Bursaries

The Legal Education Scholarship is an annual scholarship (with the possibility for renewal for a second year) for a Bermudian student studying law who plans to return to Bermuda to practice.

Collas Crill Advises Kalo on its Acquisition by Interpath Advisory

The Collas Crill team was led by Natalie Bell and included partner Matt Gilley and associates Janeen Aljadir and Itumeleng Mukhovha.

Appleby advises China Graphite Group Limited on its global offering and listing on the main board of the Hong Kong Stock Exchange.

China Graphite is engaged in the production and sales of flake graphite concentrate and spherical graphite in the PRC.

Legal